The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Impinj Inc (NASDAQ: PI) closed at $154.66 down -2.96% from its previous closing price of $159.38. In other words, the price has decreased by -$2.96 from its previous closing price. On the day, 0.69 million shares were traded. PI stock price reached its highest trading level at $158.69 during the session, while it also had its lowest trading level at $153.135.
Ratios:
For a deeper understanding of Impinj Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 213.19. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 9.42. In the meantime, Its Debt-to-Equity ratio is 3.42 whereas as Long-Term Debt/Eq ratio is at 3.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $160.
On March 14, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $120 to $130.
Needham reiterated its Buy rating for the stock on February 09, 2024, while the target price for the stock was revised from $115 to $120.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 26 ’24 when DIORIO CHRIS PH.D. sold 26,661 shares for $147.02 per share. The transaction valued at 3,919,790 led to the insider holds 286,230 shares of the business.
PHELAN CATHAL G sold 10,000 shares of PI for $1,479,359 on Apr 26 ’24. The CHIEF INNOVATION OFFICER now owns 15,801 shares after completing the transaction at $147.94 per share. On Apr 26 ’24, another insider, DOSSETT JEFFREY, who serves as the CHIEF REVENUE OFFICER of the company, sold 8,000 shares for $145.77 each. As a result, the insider received 1,166,128 and left with 60,850 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PI now has a Market Capitalization of 4286726912 and an Enterprise Value of 4406101504. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.36 while its Price-to-Book (P/B) ratio in mrq is 49.78. Its current Enterprise Value per Revenue stands at 14.762 whereas that against EBITDA is -144.961.
Stock Price History:
The Beta on a monthly basis for PI is 1.85, which has changed by 0.79232824 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, PI has reached a high of $160.71, while it has fallen to a 52-week low of $48.39. The 50-Day Moving Average of the stock is 27.87%, while the 200-Day Moving Average is calculated to be 79.55%.
Shares Statistics:
For the past three months, PI has traded an average of 444.99K shares per day and 894850 over the past ten days. A total of 27.17M shares are outstanding, with a floating share count of 26.52M. Insiders hold about 4.31% of the company’s shares, while institutions hold 100.72% stake in the company. Shares short for PI as of 1713139200 were 3301651 with a Short Ratio of 7.42, compared to 1710460800 on 3262402. Therefore, it implies a Short% of Shares Outstanding of 3301651 and a Short% of Float of 14.180000000000001.
Earnings Estimates
Current recommendations for the stock of the company come from 8.0 analysts. On average, analysts expect EPS of $0.66 for the current quarter, with a high estimate of $0.75 and a low estimate of $0.17, while EPS last year was $0.33. The consensus estimate for the next quarter is $0.39, with high estimates of $0.47 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.8 and $0.9 for the fiscal current year, implying an average EPS of $1.6. EPS for the following year is $2.32, with 8.0 analysts recommending between $2.67 and $2.01.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $95.44M this quarter.It ranges from a high estimate of $98M to a low estimate of $78.03M. As of the current estimate, Impinj Inc’s year-ago sales were $85.99MFor the next quarter, 9 analysts are estimating revenue of $90.5M. There is a high estimate of $100M for the next quarter, whereas the lowest estimate is $83.87M.
A total of 9 analysts have provided revenue estimates for PI’s current fiscal year. The highest revenue estimate was $368.82M, while the lowest revenue estimate was $327.66M, resulting in an average revenue estimate of $350.46M. In the same quarter a year ago, actual revenue was $307.54MBased on 9 analysts’ estimates, the company’s revenue will be $423.48M in the next fiscal year. The high estimate is $439M and the low estimate is $400.09M.
